Archway’s Housing Market and Transport links

With its rich history, diverse community and excellent transport links, Archway is a highly attractive location for renters. In this blog post, we will explore the type and volume of residential properties in Archway, the average house prices, the age of the housing stock, and major housing development projects. We will also discuss the factors you should consider when investing in a buy-to-let property in Archway.

Residential Properties in Archway

In Archway, there is a mix of residential properties available, including 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. The overall volume of residential properties in Archway is in line with the average in London. However, the volume of 1 bedroom properties is slightly higher in Archway compared to the average in London, making it an attractive location for young professionals and couples. When choosing a buy-to-let location, it is important to consider the type and number of bedrooms in a property, as this will determine the target market for renters.

Renting vs Owner Occupier

Approximately 40% of housing stock in Archway is for rent, compared to 30% in London on average. This higher rate of rented properties in Archway makes it an attractive location for landlords seeking to invest in buy-to-let housing. Understanding the renting versus owner occupier rate in a location is crucial, as it gives you an insight into the demand for rental properties in the area.

Average House Prices

The average house price in Archway is significantly lower than the average house price in London. According to recent market data:

• The average house price for a 1 bedroom house in Archway is around £350,000
• For a 2 bedroom house, the average house price is around £450,000
• for a 3 bedroom house, the average house price is around £600,000

These prices are significantly lower than the average house prices in London, which are around £500,000, £700,000 and £950,000 respectively.

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Residential Properties for Rent

There are currently 1,500 residential properties for rent in Archway, with an average monthly rent of £1,500. This high demand for rental properties in Archway makes it an attractive location for landlords looking to invest in buy-to-let housing. 

Age of the Housing Stock

The majority of the housing stock in Archway is over 20 years old, with a small number of new build properties available. This age of the housing stock may impact the condition of properties and may require significant investment to upgrade and maintain. 

Major Housing Development Projects

There are several major housing development projects underway in Archway, including the ‘Archway Tower’ and ‘The Heights’. These projects will bring new and modern residential properties to the area, making Archway an even more attractive location for renters. To find out more about major housing developments in Archway, you can visit the local council website https://www.islington.gov.uk/. 

Transport Links

The main mode of public transportation in Archway is the London Underground, which is served by the Northern Line. The Archway Station is located in the heart of the neighbourhood and provides quick and convenient access to central London and beyond.

The area is also well served by bus routes, with several bus stops located throughout Archway. These buses connect the area with other parts of North London and beyond, providing an alternative option for those who do not want to use the underground.

Cycling is also a popular mode of transportation in Archway, as the area is relatively flat and there are several cycle lanes that make it easy for cyclists to get around.

Overall, the transport links in Archway make it a convenient and accessible location for both residents and visitors. Whether you prefer to use public transportation, cycle, or drive, Archway has something to offer for everyone.

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